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How Bad is The Cost of Living Squeeze In the US?

newtboy jokingly says...

To my “Dumber than a box of hammers”

So, 2023 is over…
Gas, below $3 nationwide
Food, below last years prices
Cars, dropped all year in price
Interest rates…not up for credit cards that charge the maximum allowable by law to most customers, but true for loans….but for investments like CDs or bonds it’s a good thing so at worst a wash? It’s not slowing the housing market much.
Even inflation is at 3%…well below wage gains.

Also better, under Biden we avoided a recession everyone insisted was a certainty 12 months ago, and his administration has helped with student loans (and would have done more without Republicans blocking him), prescription drug costs, even car maintenance costs are lower thanks to the biggest infrastructure investment in our lifetimes. Unemployment continues to be at record lows for a record long timeframe.
His DOJ has also prosecuted thousands of cases of ppp loan frauds Trump allowed, recouping some of that easily stolen money.
If Republicans would stop blocking funding, he might fix the border too…we will never know because Republicans won’t pass a funding bill for more officers to catch and courts to deal with the influx, and instead are again threatening to shut down the government over the border without a solution themselves.

Wanna try again?

And I’ve said it before but I’ll say it again…I don’t wanna grow up, I’m a toy’s r us kid. How sad that must be for you.

bobknight33 said:

" it’s better by every single measure used to measure any economy."

Gas , food , cars, interest rates all cost more.

Your dumber than a bag of hammers.

Newt, grow up.

New Rift Eruption On Reykjanes Peninsula Iceland

eric3579 says...

Good up to date info here. Needs google translate.
https://vedur.is/um-vi/frettir/jardskjalftahrina-nordan-vid-grindavik-hofst-i-nott

Updated December 19, at 12:30 p.m
"The power of the eruption continues to decrease at Sundhnúksgíga. Lava flow is roughly estimated at ¼ of what it was in start and one third of the original crack is active. Magma plumes are also lower but at the beginning of an eruption, about 30 meters where they reach the highest."

Live cams https://www.youtube.com/live/804nPrAUAxg?si=67VSp95VfC5TaUsN

Weekend Update: Christmas Joke Swap 2023 - SNL

siftbot says...

Promoting this video and sending it back into the queue for one more try; last queued Sunday, December 17th, 2023 12:41pm PST - promote requested by noims.

GTA VI Trailer

newtboy says...

Is it possible I’m the only person on the sift excited for GTA6!?!
I can’t fathom how it’s been up for 12 hours with only 1 view!
I was shocked this was released days ago and no one posted it, now even more so. I’ve been pensively awaiting this trailer for over a decade.

Henry Kissinger-Monty Python

siftbot says...

Promoting this video back to the front page; last published Thursday, January 28th, 2010 12:06am PST - promote requested by newtboy.

How Bad is The Cost of Living Squeeze In the US?

newtboy says...

I’m still waiting for you to explain how 75% inflation over 22 years becomes 150% increased prices under Biden as you claimed. Please, I need your expertise in mathematics to make the world make sense. 😂


To my dumber than a bag of hammers-
😂 🤦‍♂️ 😂
So that’s a “yes”, you do think the economy is worse now than in 2020 solely because inflation is doubled and you don’t understand earnings/purchase power . 🤦‍♂️
I grant you, inflation is still elevated, but down near 2/3 and well below what other countries are experiencing, so is getting better not worse. Hyperactive economies can tend to have inflation issues, and the Biden economy exploded like it was made of lithium deuteride.

Yes booby, prices have gone up on average, they always do…and on average everyone makes more too….much more. If prices go up 3% and wages go up 6% you have 3% more buying power, A GAIN…that’s pretty basic math for it to go so far over your head. In 2020 prices went up near 1.5% (for items still on shelves) but wages went DOWN near 6% (for those who were still employed) for a >7% LOSS in buying power. See how Bidenomics is better yet?

Probably not…ask a 3rd grader…is being able to buy 3% more yearly better than only being able to buy >7% less than last year?

Earning power is rising fast, double inflation, so are GDP and employment rates unlike under Trump when not only was there still inflation (granted much less thanks to the floundering MAGA economy) but wages actually went down significantly GDP went NEGATIVE and up to 20 million jobs evaporated thanks to mismanagement (NZ didn’t have that problem).

When inflation is barely above 3% and wages are rising at near 6%, yes, things cost more, and average people can also BUY MORE you fucking idiot.
I know, that’s keeping two things in your head at once, so impossible for you to comprehend, but trust me, that’s reality. You should try it some time.
You think you have something because inflation went up, largely thanks to Trumps horrific last year of hyper spending and the economic crash his mismanagement caused but also due to Biden’s economic recovery outpacing the most optimistic predictions…but you are too dumb to see the other half of the earning equation…wages. Since earnings are rising at double inflation, people can buy more.
Again, in 2020 wages went down almost 6% with 1.5% inflation (during a massive negative gdp) so earning power went down by almost 7.5%…today inflation is 3.24 but wages are rising at nearly 6%, giving a RISE in earning power of 2.75%. That is a >10% difference, going from a 7.5% loss of buying power in 2020 to a 2.75% rise this year…and no recession. That’s called winning.
Inflation is only one part of the equation, buddy, and is absolutely meaningless without the other parts.

Yes, I repeated myself…I hoped by saying it over and over some might get through.

Interest rates…😂😂😂 true, Biden didn’t lower rates to zero and still have a stalled economy, he had to raise them to combat inflation…it worked, and hasn’t stalled the boom yet. You claim to be rich…high interest rates shouldn’t mean a thing to you…or do you really carry massive debt and aren’t really rich at all? 😂

As a side note, the stock market is also booming, paying great for those who are invested. Similar to wage growth since many (like me) live off investment earnings.

Gas prices have dropped sharply, today below $3 in 1/3 of the country and $.22 lower than a year ago on average. That’s costing LESS! Try again.

Many staple food prices are lower too. National average turkey prices were cheaper than last year, so are eggs. Try again.

According to Edmonds, “ The good news is that, in general, prices have been on the decline since late 2022. In May 2022, the average selling price of a vehicle was about $721 over MSRP. Compare that to July 2023, when the average selling price was about $714 below MSRP.”. Try again.

American's purchase power is rising, under Trump it plummeted like never before. I know, you just don’t understand. It’s ok boob. Adults understand.

I bought a bag of hammers for $10 at a yard sale…it was incredibly smart of me. I got about 10 hammers including 3 small sledge hammers and 2 metal framing hammers. My bag of hammers purchase was quite smart. 😂

Boob, get a brain. You might ask the scarecrow how he got his, because you really need help. I’ve never met a person as dumb and delusional as yourself, and I’ve known some real idiots.

Try this simple example.
Last week a soda cost you $1, and you made $12 an hour ($1 every 5 minutes). This week a soda costs $1.20 but your pay went to $15 ($1 every 4 minutes). Yes, the soda costs more this week…INFLATION!…are you better off now or were you better off with cheaper soda last week? Show your work. (I’m pretty certain that second grade math is just too hard and I won’t see a reply).

THIS IS WHY YOU FAIL EVERY TIME BOOB. BECAUSE YOU DON’T UNDERSTAND WHAT YOU RANT ABOUT AT ALL.
GO TO SCHOOL AND LEARN THE BASICS.

bobknight33 said:

" it’s better by every single measure used to measure any economy."

Gas , food , cars, interest rates all cost more.

-Your dumber than a bag of hammers.

Oh... my God...

noims says...

There's a quote that's about Jesus only hanging around with 12 men, all sailors; I just can't place the quote.

The frustrating thing is I think it might have been Monty Python related, and that's the only stuff that doesn't leave my brain. Does anyone else know what I'm talking about?

Cost of living 2001 vs today

cloudballoon says...

Stupid. A more appropriate comparison would be to show the US's inflation rate compared to other (advanced) countries.

Go look it up at places like https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

Whether Obama/Trump/Biden; Pre- or Post-pandemic... the United States is doing fine... most advanced/developed countries in the G7/10/12 are doing far, FAR worse.

While stagnation and/or sustained deflation is worse, a country that goes into hyper-inflation (think Venezuela), like Trump like to do for his properties, is the worse.

The myopic lens, living-under-a-rock people like Bob goes through their lives, and how little they know of the world... man.... is sad & pathetic.

ant (Member Profile)

ant (Member Profile)

Scavengers Reign | Official Teaser | HBO Max

siftbot says...

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Boosting this quality contribution up in the Hot Listing - declared quality by newtboy.

The HyperEncabulator

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A sane analysis of an insane situation

newtboy says...

In January 2020, the Donald Trump-led Justice Department formally declared that impeachment inquiries by the House are invalid unless the chamber takes formal votes to authorize them, which has not happened.

The FBI, DOJ, AG, and other government departments are bound by their still valid decision, so won’t be responding to any subpoenas until the full house votes for the inquiry.

This inquiry is going to be the freedom caucus alone in a room with no witnesses or evidence because their inquiry is not valid without a full house vote first. Hopefully the Democrats will put a babysitter in there to watch them so they don’t foment another coup attempt.

https://www.politico.com/news/2023/09/12/trump-doj-assist-biden-impeachment-probe-00115393#:~:text=In%20January%202020%2C%20the%20Donald,formal%20vote
s%20to%20authorize%20them.

Edit: even after caving and trying to start this illegal inquiry, McCarthy is still facing a removal vote from his own party, and has indicated he expects a government shutdown at the end of this month if Social Security and Medicaid aren’t cut drastically or ended completely. More proof Republicans can’t lead and are the worst possible stewards of the economy or nation.

Smash Mouth - All Star

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Promoting this video back to the front page; last published Saturday, June 16th, 2007 12:51am PDT - promote requested by ant.

dedstick (Member Profile)

siftbot says...

Congratulations! Your video, Electile Dysfunction, has reached the #1 spot in the current Top 15 New Videos listing. This is a very difficult thing to accomplish but you managed to pull it off. For your contribution you have been awarded 2 Power Points.

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